Those who run businesses are facing burdensome regulations from the out of control regulatory regime. And on top of this, as I mentioned, If Republicans fail to act swiftly to extend the expiring tax cuts, 62% of taxpayers will experience a tax increase. 62%. We can't let that happen. It would be insult to injury on top of 40 year high inflation for the American people to have to experience a tax cut if we are tax increase if we are unsuccessful. (07:11–07:22)
CLAIM
Asserts that 62% of taxpayers will face a tax increase if expiring tax cuts are not extended.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.